U.S. stock index futures moved higher during overnight trading on Wednesday as stocks looked to build on February’s momentum. Futures contracts tied to the Dow gained 34 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures rose 0.06% and 0.07%, respectively. The move comes after the Dow advanced 63 points during regular trading hours
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Although investor Kevin O’Leary says bitcoin is a “giant nothing-burger” and has compared it to gambling, he owns some, along with a few other cryptocurrencies. “I have a crypto wallet,” says O’Leary, which he created on Coinbase in 2017. At the time, “I was lecturing at Harvard Business School, and the students challenged me to
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage firm Charles Schwab said Wednesday it is laying off about 200 employees from the combined Schwab-TD Ameritrade company. This is the most recent round of layoffs, following a purge of 1,000
Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images One third of small business owners say they’ll likely lay off workers if Congress raises the federal minimum wage to $15 an hour, according to the latest
United States Flag Capitol State Building during Covid19 2020 novel coronavirus Pandemic, 3d virus … [+] medical model, Washington DC, USA getty In the latest episode of the long-running soap opera over the state and local tax deduction, the New Jersey delegation to the House framed removing the current deduction limit of $10,000 as COVID
Warm brick, gables and beautiful original windows mark this as a lovingly restored old house. Tyler Sands for Daniel Gale Sotheby’s International Realty This home on Long Island’s Oyster Bay has it all: a distinguished list of owners including Bee Gee Robin Gibb, important architectural heritage, a superb location, exquisite finishes and materials, up-to-date amenities
Getty Images Tax season can be a pain but submitting your return to the IRS as soon as you’re able may be extra important this year. That’s because the coronavirus pandemic has led to changes in the tax code that will impact individual returns and refunds. The season is also shorter than usual this year.
An employee outside a Target store in Clifton, N.J. Adam Jeffery | CNBC Target will join a growing list of companies that are offering extra pay and other incentives to try to nudge employees to get a Covid-19 vaccine. The retail chain said Wednesday that it will offer all of its hourly employees up to
GM CEO and chairman Mary Barra speaks during an “EV Day” on March 4, 2020 at the company’s tech and design campus in Warren, Mich., a suburb of Detroit GM General Motors is set to report its fourth-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates
The red hot SPAC market is getting even hotter in 2021, raising concerns about rampant speculation detached from reason that could leave retail investors fresh off the GameStop bust holding the bag. Not only are special purpose acquisition companies raising a record level of capital — more than $30 billion so far for its biggest
Instability in financial markets and personal finances over the course of 2020 may have significantly altered our relationship with money, according to new research, which suggests people have more faith in robots than humans to manage their cash. Over three-quarters (76%) of consumers in Asia-Pacific said they would now trust a robot more than a
Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years. Anjali Sundaram | CNBC Billionaire investor Ron Baron told CNBC on Monday he believes Tesla’s bitcoin purchase is “not surprising,” but the longtime
Vice President Kamala Harris, from left, U.S. President Joe Biden and Senate Majority Leader Chuck Schumer, a Democrat from New York, wear protective masks while meeting with Democratic senators in the Oval Office of the White House in Washington, on Wednesday, Feb. 3, 2021 to discuss Covid-19 stimulus relief. Stefani Reynolds | Bloomberg | Getty
Protestors call for a $15 minimum wage outside of McDonald’s corporate headquarters in Chicago on Jan. 15, 2021. Scott Olson | Getty Images The push for a $15 federal minimum wage continues. Just days after the Senate voted on a nonbinding amendment to prohibit raising the minimum wage during the pandemic, the House of Representatives
Employees work at the Canopy Growth facility in Smith Falls, Ontario, Canada, Dec. 19, 2017. Chris Roussakis | Bloomberg | Getty Images Canopy Growth shares rallied Tuesday after the Canadian cannabis company said it expects to be profitable by the second half of 2022. “We are building a track record of winning in our core
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Rideshare company Lyft reported fourth-quarter earnings on Tuesday,
U.S. stock were flat in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 35 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.13%. Better-than-expected earnings from Twitter, Lyft, Cisco Systems, Mattel and Yelp boosted sentiment on Wall Street. Lyft reported
laflor | E+ | Getty Images After experiencing a year that I am sure we would all like to forget, there are definitely some financial lessons learned from 2020 that we should use in our day to day lives going forward. The most significant thing about experiencing events that are statistically very rare, such as
Billionaire investor Sam Zell told CNBC on Tuesday that some deals involving special purpose acquisition companies remind him of the speculation in internet companies during the 1990s dot-com bubble. In an interview on “Squawk Box,” Zell said he believes SPACs do offer positive benefits for investors who buy in at the creation of the so-called blank check
President Biden is determined to provide a third round of COVID stimulus to the American people, and with Democrats in control of both the House of Representatives and the Senate, there are few fiscal or procedural impediments to doing just that. WASHINGTON, DC – FEBRUARY 09: Secretary of the Treasury, Janet Yellen looks on as